The Kolwezi mine in DRCImage source, Getty Images

According to the company, it will pay $170m to the Democratic Republic of Congo to settle corruption claims.

There was an agreement for an 11 year period.

It is the latest in a series of corruption cases which has seen the company pay out more than $1.6 billion in fines this year.

It admitted in May that it bribed officials in Africa.

The investigation covered corruption claims in Latin America.

This year, the company is expected to make record profits.

All present and future claims arising from any alleged acts of corruption by the Glencore Group are covered by the settlement with theDRC.

The investigation by the African country's authorities and the US Department of Justice led to the settlement.

"Glencore is a long-standing investor in theDRC and is pleased to have reached this agreement to address the consequences of its past conduct," the chairman of the company said.

More than 135,000 people are employed by the company in 35 countries.

  • Glencore
  • Corruption
  • Mining
  • Democratic Republic of Congo